Wells Fargo & Company Issues Positive Forecast for Hagerty (NYSE:HGTY) Stock Price

Hagerty (NYSE:HGTY) had its target price increased by Wells Fargo & Company from $14.00 to $17.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also issued reports on HGTY. Citizens Jmp upped their target price on shares of Hagerty from $15.00 to $19.00 and gave the company a “market outperform” rating in a report on Wednesday. Weiss Ratings upgraded shares of Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Hagerty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Oppenheimer reaffirmed an “outperform” rating and set a $20.00 target price on shares of Hagerty in a research report on Tuesday. Finally, Truist Financial raised their price objective on shares of Hagerty from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.43.

Hagerty Stock Up 9.8%

Shares of NYSE:HGTY opened at $18.71 on Wednesday. Hagerty has a 1-year low of $9.36 and a 1-year high of $18.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a fifty day moving average price of $14.36 and a 200 day moving average price of $12.13. The stock has a market cap of $6.43 billion, a P/E ratio of 311.82 and a beta of 0.83.

Hagerty (NYSE:HGTY) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.09. Hagerty had a return on equity of 6.31% and a net margin of 1.08%. The firm had revenue of $354.24 million during the quarter, compared to analysts’ expectations of $338.99 million. Sell-side analysts predict that Hagerty will post 0.01 EPS for the current year.

Insider Activity at Hagerty

In other Hagerty news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of Hagerty stock in a transaction on Friday, September 11th. The stock was sold at an average price of $11.47, for a total transaction of $15,914,625.00. Following the sale, the insider owned 9,250,000 shares of the company’s stock, valued at $106,097,500. The trade was a 13.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Hagerty

Institutional investors and hedge funds have recently bought and sold shares of the business. Vise Technologies Inc. bought a new stake in Hagerty during the third quarter worth approximately $139,000. E. Ohman J or Asset Management AB raised its stake in shares of Hagerty by 4.2% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 48,047 shares of the company’s stock worth $647,000 after purchasing an additional 1,941 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Hagerty in the third quarter worth $55,000. Lincoln Capital LLC raised its position in shares of Hagerty by 38.7% in the third quarter. Lincoln Capital LLC now owns 1,350,809 shares of the company’s stock valued at $18,209,000 after purchasing an additional 377,158 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Hagerty during the 2nd quarter worth $170,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Hagerty News Summary

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Hagerty reported adjusted EPS of $0.10, well above the $0.01 consensus, and revenue of $354.24 million versus analysts’ $338.99 million estimate. The company also raised its 2026 net income outlook to $48–$60 million and adjusted EBITDA outlook to $305–$315 million. Hagerty third-quarter results and outlook
• Positive Sentiment: Underlying business measures showed growth: written premium rose 18% year over year, earned premium increased 42%, and Hagerty added a record 402,000 members in the first nine months. Adjusted EBITDA and operating cash flow were also higher year to date. Long-term investor takeaways
• Positive Sentiment: Citizens JMP raised its price target from $15 to $19 and maintained a “market outperform” rating, signaling a favorable view of the outlook. Citizens JMP recommendations
• Negative Sentiment: Reported revenue has been affected by Hagerty’s transition to the Markel fronting arrangement. Year-to-date net income was also lower than the prior-year period, with the company citing substantial transition costs. Hagerty third-quarter results and outlook
• Negative Sentiment: Truist raised its target to $16 and Wells Fargo to $17, but both kept neutral ratings; those targets are below the referenced share price. This suggests some analysts see limited near-term upside after the stock’s recent rise. Truist recommendations Wells Fargo recommendations

About Hagerty

Hagerty, Inc is an automotive lifestyle and insurance company focused on enthusiasts and owners of classic, collector and specialty vehicles. The company provides insurance brokerage and related services designed for collector vehicles, with coverage generally underwritten by third-party insurance carriers.

In addition to insurance, Hagerty offers vehicle valuation and pricing information, membership programs, editorial content, events and enthusiast-focused digital services. Its offerings include Hagerty Drivers Club, Hagerty Valuations and Hagerty Marketplace, which connects buyers and sellers of collectible vehicles.